BMI Earnings Prediction
The chart below shows how BMI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, BMI sees a -3.25% change in stock price 10 days leading up to the earnings, and a +4.19% change 10 days following the report. On the earnings day itself, the stock moves by +3.60%. This data can give you a slight idea of what to expect for the next quarter's release.
BMI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
208.44M
11.95%
-3.79%
Gross Margin
40.24%
3.02%
2.13%
Operating Margin
19.49%
15.46%
1.72%
Net Margin
15.37%
10.18%
0.72%
EPS
1.08
22.73%
-3.57%
No Data Available
BMI Earnings Analysis
Badger Meter, Inc. Corporation (BMI.N) Earnings Conference Call
Positive
Sales Growth Performance: Delivered 12% year-over-year top line sales growth against increasingly difficult comparisons.
Record Operating Margins: Reported record operating margins of 19.5% with both year-over-year gross margin expansion and SEA leverage contributing.
EPS Improvement Despite Tax Increase: Delivered strong EPS improvement even with a higher tax rate, achieving $1.08 in the third quarter of 2024, a 23% increase from $0.88 in the prior year comparable quarter.
Quarterly Free Cash Flow Increase: Generated record quarterly free cash flow of $42 million, which was 48% higher than the prior year's $28 million, largely due to higher earnings and effective working capital management.
SaaS Revenue Surge: Achieved a 35% increase in Software as a Service revenues in the quarter, reflecting increasing customer reliance on insights and analytics delivered from our industry-leading BEACON digital solution.
Negative
Earnings Growth Moderation: Earnings growth moderated to 12% in Q3 2024, down from 26% in the prior year comparable quarter.
Flat Sales Performance: Sales for the flow instrumentation product line were flat in the quarter, indicating a lack of growth in this segment.
Expense Increase Impact: SEA expenses increased to $43.3 million, a rise of approximately $2 million year-over-year, impacting overall profitability.
Increased Tax Provision: The income tax provision in Q3 2024 was 25.3%, compared to 20.3% in the prior year period, indicating a higher tax burden.
Utility Project Delays: Despite a strong overall performance, the company anticipates potential delays in certain southeastern U.S. utility projects due to hurricane-related recovery activities.
BMI FAQs
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BMI Earning Call Sentiment
Badger Meter, Inc. (BMI) Q3 2024 Earnings Call Transcript
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BMI.N
0.53%Positive
The earnings call reflects a mixed sentiment. Strong financial performance with record operating margins and free cash flow is positive. However, moderated sales growth, hurricane-related delays, and labor challenges present risks. The commitment to dividends is a positive, but the lack of clarity on hurricane impacts and backlog size is concerning. Overall, the sentiment is slightly positive, leaning towards neutral.
